MxMIndia

Tag: Basabdutta Chowdhury

  • Consumer goods companies upped their media spends on the mobile platform in the past one year as smartphone penetration, coupled with a spurt in data usage, grew exponentially in the country.

    Higher smartphone use rings in FMCG mobile ad growth

    By Samidha Sharma

     

    Consumer goods companies upped their media spends on the mobile platform in the past one year as smartphone penetration, coupled with a spurt in data usage, grew exponentially in the country. InMobi, a mobile advertising network, said spends by FMCG companies, which are clubbed as traditional advertisers, grew 175 per cent on its network last year. Similarly, Vserv.mobi, another mobile ad network, registered a 300 per cent increase in ad dollars while Vuclip, a mobile-focused aggregator of video content, saw its FMCG clients double their ad spends in 2013.

     

    In India, FMCG saw a high uptake in the last two quarters of 2013, as five major advertisers including ITC, Reckitt Benckiser, HUL, Mondelez and Nestle ran more than 30 campaigns at a reasonably good scale as opposed to 2012 where only one consumer goods company utilized mobile effectively, said Dippak Khurana, CEO & co-founder of Vserv.mobi.

     

    Buoyed by a slew of mobile-only content, the Indian mobile advertising market is estimated to reach Rs 2,800 crore by 2016 from a mere Rs 180 crore according to estimates by Avendus Capital, a Mumbai-based financial advisory firm. The Indian advertising industry is pegged at around Rs 28,000 crore with FMCG as the biggest contributor on mediums such as television and print as well.

     

    “With the growth of mobile solutions companies, apps and other mobile technologies, we have seen FMCG advertisers tap the mobile in a big way over the past year. With over 800 million mobile subscribers, these advertisers targeting rural consumers find the medium extremely effective as mobile reaches even the remotest geographies,” said Basabdutta Chowdhury, CEO of Platinum Media, a division of Madison, which buys media for FMCG majors like P&G, Marico and Godrej.

     

    What is significant is that India could currently have as much as 50 per cent or more mobile-only internet users, much above the global number, making the medium an attractive one for even traditional advertisers.

     

    Consumer products companies are increasingly adopting a mobile-first strategy. Our growth has come from engagements with more than half of the top 25 FMCG brands, including a partnership with Unilever, said Atul Satija, VP & MD (Asia-Pacific and Japan) at InMobi.

     

    Source:The Economic Times

    Copyright © 2014, Bennett, Coleman & Co. Ltd. All Rights Reserved

    Licensed to republish

     

  • The account was previously handled by MPG and is estimated to be at Rs25 crores

    Madison World’s Platinum Media wins Dixcy media AOR

    By A Correspondent

     

    Platinum Media, a unit of Madison Media Group has just announced that it has won the media planning and buying account of Dixcy Textiles. The account was previously handled by MPG and is estimated to be at Rs25 crores.

     

    Tirupur-based hosiery giant, Dixcy Textiles markets its products under the names Dixcy and Dixcy Scott. Within a short span, the company has been able to garner a healthy market share because of high customer satisfaction of all products offered by the company. The company is into inner wear, thermal wear and casual wear and has aggressive growth plans.

     

    “We are delighted that Dixcy has appointed us as their Media AOR and are confident that we will be able to add a lot of value to their business and look forward to a long and mutually beneficial partnership,” said Basabdutta Chowdhury, CEO, Platinum Media.

     

    “Talks were on for almost two years about this shift and also new product launches and the expertise of the agency to handle the same has made us take this decision,” said Rahul Sikka, Director, Dixcy Textiles.

     

    Madison Media Group comprising Madison Media and Platinum Media is a part of Madison World, which also has specialist units in Advertising, Business Analytics, Out-of-Home, PR,Mobile, Rural, Retail, Sports and Entertainment employing over 1,000 communication professionals acrossIndia,Sri LankaandThailand. It is India’s foremost media agency group handling media planning and buying for blue-chip clients including Airtel, Godrej, Cadbury/Kraft, ITC, General Motors, Marico, McDonald’s TVS, Britannia, Procter & Gamble, Asian Paints, Tata Tea, Levis, SpiceJet, Axis Bank, Domino’s, Bharti Axa, MaxNewYork Life Insurance, Tata Salt, Acer, Dish TV, Imagine TV, Indian Oil and many others. The gross billing of Madison Media is Rs3,000 crores.